Dec 29, 2012 7:30am PST
prices hitt terra firma earlier, but there's a certain desperation out there. we sort of housing hit terra firma, but millions of homes underwater and millions of buyers aren't stepping up to the play and it mig be a sign of desperation, also. >> ben, if the housing market showing signs of life. why does the federal government need to get more involved than it is. >> it's showing signs of life, but probably less than half of what it was in early 2007, 2008. it's much less stronger than a year ago, six months ago, a year and a half ago, but it's flaccid, to use a word i don't like to hear, when we talk about what it should be and i don't think there's any reason why ne shouldn't get it-- about you the losses if the market recovers will be trivial if not nil and good that more and more people are employed in construction. >> sir, we already control the taxpayer and the federal government, we already control the mortgage market. why do we need to take on more risk? >> because we're not taking-- >> i'm sorry, i thought-- >> i said sarah. ben, i'll get back to you. >> i'm a little miffed.